Mortgage Blog

1)Higher interest rates will lead buyers to cheap homes.

2)Higher mortgage rates pressure on the home sales.

3)Seattle is still the hottest market.

4)Interest rates might go a little bit lower, but not much from here. 

I talked to one client yesterday about his refinance strategy. I suggested him to take 7/1 ARM or 10/1 ARM. Two reasons, 1)those rates are still kind of ok. 2)We should see another recession in the next 3-5 (or 7 years). So 7/1 ARM is good enough.